The Truth About Retirement

Imagine that the interest rate on your savings account was 1% a year and inflation is 2%. After one year, how much would you be able to buy with the money in your account? More than $102 or less than today. Buying a single company stock usually provides a safer return than a stock mutual fund. Owning a single stock is much riskier than a diversified basket of stocks. And these three simple questions, most Americans got the answers wrong.